author:Frank，

In the past year, the market value of stablecoins has increased significantly and the application scenarios have gradually increased. In addition to playing "hard currency" in crypto-native scenarios such as DeFi, its role has also been expanding. The bigger trend is to enter the payment, cross-border settlement, value storage and other aspects of Web2.

The huge market and potential of stablecoins make it a key resource that must be fought for by major public chains. In order to support the implementation of these larger-scale real-life application scenarios, higher requirements are put forward for the basic performance of the public chain and the ecological preferences and characteristics.

In this silent financial pipeline revolution, BNB Chain built a three-dimensional infrastructure system with the "performance axis-ecological axis-scene axis", quietly paving the highway network of future finance.

Data is the most direct evidence, and more and more users, projects, and institutions choose to conduct stablecoin-related activities on BNB Chain. Recently, the US dollar stablecoin USD1 launched by the Trump family WLFI also uses BNB Chain as the main battlefield for issuance. This chain accounts for nearly 90% of the current total circulation. The market value of USD1 of BNB chain has exceeded US$110 million.

In March 2025, BNB Chain's active stablecoin independent wallet addresses reached an all-time high, with more than 15.38 million, leading other public chains. The number of active USDT addresses on the BNB Chain chain reached 12 million in the past month, ranking first. The market value of stablecoins on BNB Chain has increased by about 75% over the past year, showing strong capital attractiveness.

Forging the "three-pole engine" of the financial expressway

In the process of stablecoins penetration into the real economy, BNB Chain built a value transmission infrastructure through a three-stage power system, which is a 3-second block confirmation + 5000 TPS processing capacity of performance; zero friction bearings as low as US$0.03 and zero Gas plans; BSC main chain + opBNB expansion layer + modular chassis stored in Greenfield.

In terms of performance, the blocking time of BNB Chain main network BSC is about 3 seconds. This month, it will drop to 1.5 seconds after the upgrade of Lorentz this month, which is much faster than the Ethereum main network about 12 seconds. In terms of transaction processing capacity (TPS), the theoretical capacity can reach 5000TPS. In comparison, Ethereum's TPS after merger (PoS) is about 30, with an all-time high of about 22.7. Powerful performance can provide basic guarantees for the large-scale and real-time application of stablecoins.

In terms of architecture, its multi-chain architecture (general BSC, expansion layer opBNB, storage layer Greenfield) is meeting the needs of different application scenarios, providing a flexible foundation for the integration of stablecoins in various applications. This strategic change means that BNB Chain is not only satisfied with becoming a channel for stablecoins, but also becoming the core platform for stablecoins to create value.

Cost is also a key factor in the large-scale application of stablecoins, especially in the small payment scenario. The average transaction fee for BSC is extremely low, ranging from about $0.03 to $0.11, which is 1/30 of Ethereum’s fees. This means that even if the user makes 100 stablecoin transfers per day on BSC, the total cost may be only around $3 (calculated at $0.03 per transaction).

Build a "rainforest" system for stablecoins

Ecological construction has always been a prerequisite for large-scale application of stablecoins. BNB Chain has built a unique set of stablecoin ecological rainforest by creating a fertile land for developers, external resource reserve pools, and security shelterbelts.

Attracting developers to build stablecoin applications is one of the keys to ecological prosperity, and BNB Chain lowers the development threshold by providing a compatible environment and a rich tool chain. BNB Chain is fully compatible with Ethereum Virtual Machine (EVM), which means that smart contracts and decentralized applications (dApps) developed for Ethereum can be migrated to BSC with minimal changes. BNB Chain has also established a variety of developer support programs, including Builder Grants that provide financial support, growth incentive programs, Most Valuable Builder (MVB) accelerator programs, etc., to fully support the development of ecological projects.

In terms of ecological environment, BNB Chain has unique advantages. There is one of the most active and large user bases here. In addition, abundant liquidity is not only due to its close ties with Binance, the world's leading exchange, but also has opened up most mainstream exchanges, wallets and cross-platform channels on the market, becoming the most widely used public chain.

As of April 2025, the total market value of BNB Chain stablecoin reached US$7.2 billion, ranking fourth in the entire network, and has become one of the most important public chains for issuance and adoption of stablecoins.

At the same time, Binance Labs (now renamed Yzi labs) has also continued to invest in the BNB Chain project. In 2024 alone, 14 of the 46 projects invested by Binance Labs come from BNB Chain, including long-term cooperative MVB projects. This ecological support may provide more room for stablecoins to display. Together, these resources constitute a powerful "synergy" effect on the development of the BNB Chain stablecoin ecosystem.

As the founder of Binance, CZ has always been optimistic about the application prospects of stablecoins. As early as 2023, he pointed out on social media that stablecoins have huge potential in cross-border payments, inflation hedging, etc., and emphasized that the gradual clarity of regulation will accelerate its popularity. Recently, in the face of the intensification of the "stablecoin war", CZ said that the healthy competition in the market has just begun.

To further promote stablecoin application, BNB Chain launched the Zero Gas Fee Carnival Program in September 2024, which has been extended to June 2025. The plan is a key move by BNB Chain to promote stablecoin payment applications, and has now covered more than $3 million in handling fees. Major mainstream exchanges, wallets, etc. have been included in the activity partners.The recently launched USD1 also enjoys a 0 gas fee, further reducing the cost of users' on-chain stablecoins.

Together, these resources constitute a powerful "feedback" effect on the development of the BNB Chain stablecoin ecosystem. At the same time, this deep integration and positive externality with top CEXs have brought BNB Chain liquidity entrances and user bases that are incomparable to other public chains.

While technology is soaring, the safety protection network has been rolled out. As part of the AvengerDAO security system, Red Alarm tools continuously monitor and mark high-risk projects and contracts to build a firewall for users to prevent fraud.

From DeFi to offline payment, create a three-dimensional space for stablecoin scenarios

Based on the construction of an ecosystem and excellent performance, entering more application scenarios is the ultimate value destination of stablecoins. By more actively deploying key areas such as DeFi, GameFi, AI and real payments, and creating and promoting the prosperity of the application ecosystem of the financial environment layer on the diversified chain, BNB Chain provides stablecoins with rich application scenarios and opportunities to amplify value.

DeFi is one of the most important application areas of stablecoins. BNB Chain has a prosperous DeFi ecosystem, where stablecoins play a core role. For example, PancakeSwap, as the flagship DEX on BNB Chain, has become the main place for on-chain trading and liquidity of stablecoins. Its weekly trading volume often exceeds 10 billion US dollars, which means that users can exchange it with low slippage.

Venus Protocol is the long-standing and leading lending platform on BNB Chain, with its TVL on BNB Chain of approximately US$1.55 billion as of April 2025. Users can deposit stablecoins on Venus to earn interest, or stake other crypto assets (such as BNB, ETH, etc.) to lend stablecoins.

The emerging ListaDAO is a new trend in the lending sector, which combines liquid staking derivatives finance (LSDFi). Users can stake assets such as BNB or its liquidity pledged tokens such as slisBNB, lend out the protocol's native stablecoin lisUSD or the recently launched USD1 stablecoin pegged to the USD. As of April 2025, ListaDAO's TVL on BNB Chain has reached US$748 million, with a total borrowing of approximately US$155 million.

These lending agreements greatly expand the use of stablecoins, making them an important tool for gaining liquidity, leverage or making profit strategies.

In addition to DeFi, BNB Chain is also actively promoting stablecoins to enter the payment scenario of the real economy, connecting on-chain value and offline consumption.

On the streets of Bangkok, users have enjoyed free first orders and BNB Chain stablecoin payment through the TADA Telegram applet; in Singapore shopping malls, dtcpay's visa card allows stablecoins to be converted into fiat currency consumption in seconds. ——These scenarios are turning cryptographic experiments into daily financial reality.

From DeFi to payment, from on-chain to off-chain, from processing transactions to value flow. BNB Chain continues to expand the boundaries of stablecoin application, and plays a key role in promoting its integration into the global payment system, laying a solid foundation for the popularization and mainstreaming of stablecoins.

As stablecoins gradually move from crypto-native finance to a wider real-world scenario, the public chain infrastructure behind them is also undergoing a profound reshuffle. In the reconstruction of this new order, BNB Chain is quietly becoming the backbone of this change with its high performance, low cost, strong ecology, security and top resource integration capabilities.

Here, stablecoins have become the starting point for building a future financial highway and reaching the next 1 billion users.